Mirae Asset Global Investments Co. Ltd. Purchases New Shares in PagerDuty $PD

Mirae Asset Global Investments Co. Ltd. acquired a new stake in PagerDuty (NYSE:PD) during the 3rd quarter, Holdings Channel reports. The fund acquired 33,259 shares of the company’s stock, valued at approximately $502,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Wyoming boosted its position in shares of PagerDuty by 54.4% during the third quarter. State of Wyoming now owns 42,794 shares of the company’s stock worth $646,000 after buying an additional 15,071 shares during the period. Signaturefd LLC grew its position in PagerDuty by 28.4% in the third quarter. Signaturefd LLC now owns 12,370 shares of the company’s stock valued at $187,000 after purchasing an additional 2,736 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in PagerDuty in the 3rd quarter valued at $169,000. Sterling Capital Management LLC lifted its position in PagerDuty by 1,884.5% during the 3rd quarter. Sterling Capital Management LLC now owns 19,845 shares of the company’s stock worth $300,000 after buying an additional 18,845 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of PagerDuty by 38.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,641 shares of the company’s stock worth $55,000 after buying an additional 1,013 shares during the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty Trading Up 0.1%

PD stock opened at $15.70 on Tuesday. PagerDuty has a 52 week low of $5.70 and a 52 week high of $18.06. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.02 and a current ratio of 2.02. The company’s 50-day simple moving average is $15.55 and its 200 day simple moving average is $10.33. The company has a market capitalization of $1.23 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 2.63 and a beta of 0.96.

PagerDuty (NYSE:PD) last announced its earnings results on Thursday, August 27th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $124.44 million for the quarter, compared to analyst estimates of $123.27 million. PagerDuty had a net margin of 37.50% and a return on equity of 18.52%. The business’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. As a group, sell-side analysts anticipate that PagerDuty will post 0.69 earnings per share for the current year.

Insider Transactions at PagerDuty

In other PagerDuty news, insider Jennifer Tejada sold 5,945 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $18.00, for a total value of $107,010.00. Following the transaction, the insider directly owned 1,431,596 shares of the company’s stock, valued at $25,768,728. This trade represents a 0.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 178,445 shares of company stock worth $2,830,480 in the last 90 days. Corporate insiders own 6.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on PD shares. Weiss Ratings raised PagerDuty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 18th. TD Cowen restated a “buy” rating on shares of PagerDuty in a report on Wednesday, August 26th. Morgan Stanley increased their price target on shares of PagerDuty from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Friday, August 28th. Wall Street Zen downgraded shares of PagerDuty from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, UBS Group set a $13.50 price target on PagerDuty in a research report on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.81.

PagerDuty Profile

PagerDuty, Inc is a technology company that provides digital operations management software for organizations. Its platform helps businesses detect, triage and respond to operational issues affecting applications, infrastructure, services and customer experiences.

The company’s products include incident response, event intelligence, AIOps, process automation and customer service operations capabilities. PagerDuty integrates with monitoring, development, collaboration and information technology tools to help teams centralize alerts, automate workflows, coordinate responses and reduce the impact of service disruptions.

Founded in 2009, PagerDuty is headquartered in San Francisco and serves organizations across multiple industries and geographic markets worldwide.